login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
|

How do I ensure that the Transfer Deed is complete before sending it to the Company?

mahindra-finance-author

by Mahindra Finance

|

July 21, 2023

|

1 mins read

When the Transfer Deed with the filled in transferor’s details comes to you, please ensure that the requisite details such as folio number, certificate number, and distinctive number, name of the holder, name and address of witnesses are filled in. Please also ensure that the Transfer Deed is signed by the transferor(s) (signatures of all holders in case of joint holding) and the witness and is accompanied by the self attested copies of PAN Card of both, the transferor and the transferee.

Please note that attestation of transferor’s signature by a Manager of a nationalized bank is necessary where the transferor holds a savings account, however there will be rejection for transfer on account of signature mismatch despite of attestation being done.

Please fill in all the columns of the transfer deed, sign as transferee at appropriate places and arrange for payment of stamp duty at 0.25% of the market value on the date of execution of the transfer deed. Please ensure that the transfer deed is duly filled in and executed as explained, to avoid any discrepancy/objection on lodgement.

Related articles

Fixed Deposit Vs Investment Bonds – Where To Invest?

Introduction If you’re looking for secure investment options with low risk, fixed deposits (FDs) and investment bonds are worth considering. Both options offer stable returns, but they have dist...

KNOW MORE

April 26, 2024

The Benefits Of Pre Approved Car Loans

Getting Started Are you in the market for a new car? Buying a car is an exciting experience, but it can also be overwhelming, especially when it comes to arranging financing. However, with a pre appro...

KNOW MORE

May 8, 2024

What is APR On a Car Loan?

You have finally found your dream car! But before driving off into the sunset, there’s an important financial aspect you need to understand: the Annual Percentage Rate (APR) on a car loan. ...

KNOW MORE

April 17, 2024